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Israel jittery about gas supply from Egypt

AMY TEIBEL My Way News 02/07/2011 04:15
Israel jittery about gas supply from Egypt - Israel - Middle East - Business - energy - oil


An explosion at an Egyptian gas terminal that disrupted the supply of fuel to Israel had Israeli officials pressing Sunday to speed development of a natural gas deposit that they say can make Israel energy independent.



Infrastructures Minister Uzi Landau wants the government to back loans so financing can be obtained to develop the Tamar field, off Israel's coast in the Mediterranean Sea, a spokesman said. Landau also favors exempting the field's developers from a proposed windfall tax.

"We have to do everything to improve Israel's energy security," Landau told Israel Radio on Sunday. "It is Israel's obligation to remove as soon as possible every obstacle" to developing Tamar, he said.

Landau's spokesman, Chen Ben-Lulu, said the goal was to have gas from Tamar flowing into Israel by 2013. The explosion in Egypt on Saturday "just proves" the need to do so, he added.

"We want energy independence and to achieve it as soon as possible," Ben-Lulu said.


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